Is this the market for investing? admin Thursday, October 23, 2008 The Receipt Liz Claiborne bought the brand in 2003, and recently CEO of Sean Jean, Sean “P. Diddy” Combs, has purchased the denim based sportswear brand, ENYCE. Says Combs…“Enyce is a brand that I have always admired, and they have been a very important player in the young men’s sportswear arena for over a decade. I am really excited to bring it into our portfolio of brands that already includes Sean John and Zac Posen.….. The current economic climate may be challenging, but we believe it is also an opportunity, and we are really excited to add Enyce to our lineup.”Yeah, the economy is challenging right now, and the Puffy’s and the Buffett’s of the world have millions and billions to ride out the financial storm if it gets worse. Warren Buffett, the billionaire investor who has made his fortune buying stocks when he thinks they’re on sale, says he’s buying U.S. stocks, currently marked down 40%, for his personal account. He told the world Friday in an op-ed piece in The New York Times under the headline, “Buy American. I Am.” He acknowledged that the financial world “is a mess,” and headlines are “scary” and will stay that way for a while. He said he has no idea if stocks will be higher or lower a month or a year from now.“Bad news is an investor’s best friend,” he wrote. “It lets you buy a slice of America’s future at a marked-down price.” Read Buffet’s article in it entirety here. So, is this the market for investing? Apparently so, if you have the STACKS! (Source 1, Source 2, Pic Source)
